Published By: Pragati Pal
Last Updated: March 13, 2024, 22:42 IST
Pakistan’s new Interior Minister Attaullah Tarar claimed that Imran Khan’s Pakistan Tehreek-e-Insaaf (PTI) party sent an online petition to the European Union to deprive Pakistan of GSP+ status. (Reuters/File)
The GSP+ serves as a special incentive arrangement to promote good governance and sustainable development by facilitating trade
Jailed former prime minister Imran Khan’s party has asked the European Union to revoke Pakistan’s Generalised System of Preferences (GSP) Plus status and was conspiring to “destroy” its economy, the new Interior Minister Attaullah Tarar alleged on Wednesday.
The GSP+ serves as a special incentive arrangement to promote good governance and sustainable development by facilitating trade.
Pakistan was accorded the status in 2014 which has now been extended until 2027. The country enjoys duty-free or minimum duty on exports to the European market.
Addressing a press conference, Tarar claimed that Khan’s Pakistan Tehreek-e-Insaaf (PTI) party sent an online petition to the European Union to deprive Pakistan of GSP+ status, which serves as a special incentive arrangement to promote good governance and sustainable development by facilitating trade.
“Contacting the European Union and asking them to revoke Pakistan’s GSP+ status is an attack on Pakistan. This is a conspiracy to destroy Pakistan’s economy and to inflict the poor people of Pakistan with more difficulties, he said.